Oct 3 (Reuters) - Shopping Centres Australasia Property Group Re Ltd SCP.AX will acquire 10 shopping centres across the country for a combined purchase price of A$573 million ($412 million) from Vicinity Centres VCX.AX .
The deal will be funded through a capital raising and a new debt facility, the company said in a statement.
The shopping centres operator will conduct an institutional placement to raise about A$259 million, while A$365 million will be made available through debt.
Shopping Centres Australasia expects the deal to add more than 5 percent to annualized pro forma funds from operations (FFO) in fiscal year 2019, prompting it to raise its FFO guidance to 16.2 cents per unit from 15.6 cents per unit.
($1 = 1.3912 Australian dollars)